Noble Midstream Partners LP (NYSE:NBLX)’s share price reached a new 52-week low on Thursday . The stock traded as low as $31.35 and last traded at $31.42, with a volume of 4554 shares traded. The stock had previously closed at $33.03.

Several research firms have recently weighed in on NBLX. Wells Fargo & Co downgraded shares of Noble Midstream Partners from an “outperform” rating to a “market perform” rating in a research note on Monday, September 24th. Citigroup reduced their target price on shares of Noble Midstream Partners from $64.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, November 29th. ValuEngine downgraded shares of Noble Midstream Partners from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 28th. Robert W. Baird set a $59.00 target price on shares of Noble Midstream Partners and gave the stock a “buy” rating in a research note on Friday, August 10th. Finally, TheStreet upgraded shares of Noble Midstream Partners from a “d” rating to a “c-” rating in a research note on Wednesday, November 14th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $56.00.

The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.66 and a current ratio of 0.68. The stock has a market cap of $1.29 billion, a P/E ratio of 8.27, a P/E/G ratio of 0.55 and a beta of 1.26.

Noble Midstream Partners (NYSE:NBLX) last released its quarterly earnings data on Thursday, November 1st. The energy company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. Noble Midstream Partners had a net margin of 38.18% and a return on equity of 15.89%. The company had revenue of $139.16 million during the quarter, compared to analyst estimates of $119.25 million. On average, equities analysts forecast that Noble Midstream Partners LP will post 4.01 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 13th. Stockholders of record on Monday, November 5th were given a $0.5597 dividend. This is a positive change from Noble Midstream Partners’s previous quarterly dividend of $0.53. This represents a $2.24 dividend on an annualized basis and a dividend yield of 6.60%. The ex-dividend date of this dividend was Friday, November 2nd. Noble Midstream Partners’s dividend payout ratio (DPR) is 54.63%.

Hedge funds have recently added to or reduced their stakes in the company. Tortoise Index Solutions LLC lifted its position in Noble Midstream Partners by 57.1% during the third quarter. Tortoise Index Solutions LLC now owns 3,746 shares of the energy company’s stock valued at $133,000 after purchasing an additional 1,361 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Noble Midstream Partners by 31.2% during the second quarter. Bank of New York Mellon Corp now owns 6,155 shares of the energy company’s stock valued at $314,000 after purchasing an additional 1,462 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Noble Midstream Partners by 2.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 58,539 shares of the energy company’s stock valued at $2,989,000 after purchasing an additional 1,539 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in Noble Midstream Partners during the second quarter valued at approximately $159,000. Finally, Summit Trail Advisors LLC bought a new stake in Noble Midstream Partners during the second quarter valued at approximately $211,000. Institutional investors own 56.63% of the company’s stock.

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Noble Midstream Partners Company Profile (NYSE:NBLX)

Noble Midstream Partners LP owns, operates, develops, and acquires midstream infrastructure assets in the United States. The company provides crude oil, natural gas, and water-related midstream services. The company operates in the Denver-Julesburg Basin in Colorado and the Delaware Basin in Texas. The company was founded in 2014 and is based in Houston, Texas.

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